Planet DDS has acquired Cloud 9 Software from Accel-KKR, an investment firm focused on software and tech-enabled businesses.
Founded in 2009, Cloud 9 Software is a 100% cloud-based practice optimization platform. Headquartered in Roswell, Georgia, Cloud 9 serves more than 2,900 locations with thousands of providers and millions of patients.
Newport Beach, California-based Planet DDS is a provider of cloud-enabled dental software solutions serving more than 10,000 practices in North America with more than 60,000 users. Planet DDS is backed by Level Equity, a private investment firm focused on providing capital to rapidly growing software and technology-driven businesses, and Aquiline Capital Partners, a private investment firm based in New York and London that invests across financial services and technology.
Goodwin Procter acted as legal advisor to Planet DDS, Aquiline and Level Equity. Lincoln International acted as exclusive financial advisor and DLA Piper as legal counsel to Accel-KKR and Cloud 9. Terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this was the second Medical Practice Management Software deal of 2023. There were 48 Medical Practice Management Software transactions in 2022.
